Country: Hong Kong Page 58 / 59
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- September 4 2015
Principal Financial buys AXA’s HK pension unit for US$335m
The US investment manager has paid about US$335m, increasing its AUM to US$6bn in Hong Kong.
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- August 31 2015
Chinese private equity firm buys Ageas HK unit
JD Capital has struck a deal to buy Ageas’s Hong Kong life insurance unit for HK$10.7bn.
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- August 21 2015
Fosun and FWD face off over Ageas HK life insurance arm
Final offers from the two companies have been invited and could reach more than US1$bn.
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- August 10 2015
Coface names new Asia-Pacific head
Credit insurer Coface has named Andrew Ross as regional head of Coface Global Solutions in Asia Pacific.
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- August 6 2015
MetLife names Cindy Tang Asia communications head
Tang starts her new role on August 20, based in MetLife's Asia region office in Hong Kong.
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- August 5 2015
China Reinsurance files for HK IPO
State-owned reinsurer could raise up to US$2bn, hires CICC, UBS and HSBC as joint sponsors.
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- August 5 2015
TigerRisk enters China and names Houqin Zhu as Hong Kong head
Reinsurance broker marks it's first presence in Asia with the hiring of former American Re and QBE Re veteran.
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- August 4 2015
Hong Kong’s insurance gap forecast to balloon by 2020
The gap will be among the highest in Asia within five years, up to as much as US$763 billion, say AIA and Citi.
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- August 4 2015
HSBC targets Asia growth by expanding insurance business
The bank has reiterated its strategy of expanding its Asian insurance business and boosting its Pearl River delta presence.
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- July 20 2015
Hong Kong’s top insurance bodies merge
IIHK and CII merger aimed at improving and strengthening standards in the city's insurance and financial services market.
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- July 17 2015
Ageas seeks buyer for Hong Kong unit
Morgan Stanley is reportedly seeking bidders for a deal that could fetch more than US$1 billion.
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- July 15 2015
Peak Re appoints director for underwriting
Railovy Boyer will work with Peak Re’s underwriting, markets and analytics teams in Hong Kong.
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- July 14 2015
PICC buys US$1.6bn stake in Fujian bank
The acquisition increases PICC's stake in Hong Kong-listed Industrial Bank Co to 14%.
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- July 13 2015
Fosun completes Meadowbrook acquisition
US insurer will keep its headquarters in Michigan and continue to operate under the Meadowbrook brand.
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- July 6 2015
Hong Kong’s Now Health International acquires Best Doctors Insurance
Acquisition creates one of the largest international private medical insurance (IPMI) providers in the world.
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- June 17 2015
Hong Kong official calls for establishment of insurance authority
Statutory licensing regime for insurance salesmen also called for.
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- June 9 2015
AXA launching units in Singapore, Hong Kong and Shanghai
Data Innovation Lab in Singapore to conduct R&D work using data analytics.
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- June 2 2015
Sales of investment-linked assurance products fall 42% in Q1
Sales plunge dramatically after Hong Kong regulators tightened rules in January.
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- May 26 2015
ACE establishes new team to focuses on Hong Kong SMEs
Multiline insurer also appoints Joseph Lee as senior business development manager for the Commercial Lines team in HK.
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- May 26 2015
Hong Kong tops table of health insurance premiums among expats
High cost of living, rising healthcare costs, and high volume of plans purchased attributed, according to a report.
